Consumer Confidence Rebounds

U.S. consumer confidence rebounded this month as households expect future labor markets and income levels to improve, according to a report released Tuesday.

The Conference Board, a private research group, said its index of consumer confidence increased to 69.6 in February from a revised 58.4 in January, first reported as 58.6. The confidence index is at its highest level since November 2012.

Economists surveyed by Dow Jones Newswires had expected the index to increase but only to 62.0.

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